For Sale
$2,448,000

301 Macdade BlvdFolsom, PA 19033

High-Yield NNN Lease, 15.5 Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 1,809 square foot convenience store located at 301 W MacDade Blvd, Folsom, Pennsylvania 19033. The property is currently under a single-tenant, absolute NNN lease with Swiss Farms, a wholly-owned subsidiary of Farm Stores Franchising, LLC. The lease commenced on May 8th, 2020, and has a remaining term of approximately 15.5 years, expiring May 31st, 2040. The lease includes two 5-year renewal options. The current asking price is $2,448,000, representing a price per square foot of $1,353.23 and a strong 6.10% cap rate based on a net operating income (NOI) of $149,332. The lease features a 3% annual rental increase, ensuring consistent income growth. The tenant is responsible for all property taxes, insurance, and maintenance, including the roof, structure, and parking lot. This is an ideal, low-management investment opportunity for out-of-area investors seeking a passive income stream with significant long-term potential. The property is situated in Delaware County, Pennsylvania, offering convenient access to major transportation routes and a strong local market. This is a turnkey investment with minimal landlord responsibilities.

Property Details for 301 Macdade Blvd

Property type
Retail properties, Grocery and convenience stores
Square Feet
1,809 SF

Location Insight

City
Folsom
County
Delaware
State
Pennsylvania
Latitude
39.8842744
Longitude
-75.3349492
301 Macdade Blvd, Folsom, Pennsylvania

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301 Macdade Blvd
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